Junior Education Loan

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In addition to our wide range of financial products and services, UNSACCO provides loans services to its customers. The information.

Details: Written by JUDITH MWONGELI; Category: FOSA Loan Products; Published: 23 October 2019; Hits: 4424

Qualifying amount is 2 times Junior Account(s)’ savings up to a maximum KShs. 1,000,000.00 subject to the one-sixth rule.
Members operating several Junior Accounts have the option of consolidating the savings in all the accounts to apply for just one loan.
Interest rate is 12% per annum on the reducing balance.
Maximum Repayment period is 6 months subject to the current employment contract.
Eligibility - Loan granted to members operating active and regular Junior Savings Accounts.
A minimum of 2 guarantors required.
The Loan Security is member’s own and guarantors’ deposits.
After loan disbursement, monthly savings to Junior Account shall be increased to cater for the loan repayments.

In addition to our wide range of financial products and services, UNSACCO provides loans services to its customers. The information.

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